By Giulia Petroni

Siemens AG said Monday that, before the end of the year, it would distribute 200 million euros ($232.9 million) in special payments to its employees for their performance during the pandemic.

The German engineering giant said all of its employees world-wide, except for senior managers, are eligible for the bonus. The amount to be distributed will be adjusted separately for each country.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

November 02, 2020 06:08 ET (11:08 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Siemens (PK) (USOTC:SIEGY)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Siemens (PK) Charts.
Siemens (PK) (USOTC:SIEGY)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Siemens (PK) Charts.